Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Expands By 3,181.8%

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 36,100 shares, an increase of 3,181.8% from the November 15th total of 1,100 shares. Based on an average daily trading volume, of 56,500 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Grab

An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRABW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 302,710 shares of the company’s stock, valued at approximately $49,000.

Grab Stock Down 10.7 %

Shares of GRABW traded down $0.06 during trading hours on Wednesday, reaching $0.50. The stock had a trading volume of 78,605 shares, compared to its average volume of 36,246. Grab has a 12 month low of $0.13 and a 12 month high of $0.57. The company’s 50-day moving average is $0.36 and its two-hundred day moving average is $0.24.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.